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is the in recess for their weekly party caucuses. they will return at 2:15 for more work on then line sales tax bill. a motion to proceed on the bill could come tomorrow unless an agreement is reached today. learn more about your senators with c-span's 2013 congressional direct at this. it is available to order online. a handy guide to the current congress. has information about each member of the hoist and senate. it includes contact information, district maps and committee asassignments. the directory is 12.95 plus shipping and handling and order online. a short time ago we spoke with a capitol hill reporter with the latest on the legislation the senate is debating today on the internet sales tax. gautham nagesh from roll call on capitol hill. what is the purpose of this internet sales bill? >> it would require states online retailers, charge sales tax and collect and remit them when consumers make a purchase online. that includes retailers not within their own state. >> who are some of the bill's supporters and why do some of them say it will level the playing field for retailers? >> well, t
. speaker. i appreciate you allowing me this time today. yesterday was tax day. and i've got taxes on my mind, mr. speaker. you know as most folks in this chamber do that h.r. 25, the fair tax, is the most widely co-sponsored, most widely supported fundamental tax reform legislation in the house and in the senate. both the house and the senate. 64 of our colleagues in the house, mr. speaker, have put their name on h.r. 25, the fair tax. eight of our senate colleagues have put their name on h.r. 25, the fair tax. the fair tax is a revolutionary proposal, mr. speaker, in that it takes all of the power of the tax code out of washington, d.c., and returns it to men and women back home. you know we can manipulate the behavior of anyone in america through the tax code. if i want folks to wear more pink ties and fewer blue tie, i'll subsidize pink ties for 250% and tax blue ties for 250% and we'll change behavior overnight. do you remember, mr. speaker, when we had the electric vehicle tax credit back in 2010? it was a $7,500 tax credit. we said we are going to give $7,500 to every american to
in 10 years. brewster the nation's fiscal cut that tax loopholes that take a fair and balanced approach. at the same time the budget incorporates elements to speaker by last december. they make the difficult choices to find common ground. consistent with that offer come in the budget includes being the president would not put forward such as means testing command that a character in a related premiums and the more accurate the less generous measure of inflation. it includes proposals only so they come together around a complete and comprehensive package to shrink the deficit by $1.8 trillion over 10 years and are meant the fiscal uncertainty that hampers economic growth and job creation. this remark does not represent the starting point for negotiation. represent tagamet savings and additional roadrunners for those of the. the two cannot be separated and were not separated last december when we were close to a bipartisan agreement. this budget provides achievable solutions to fiscal problems, the crucial a solution desired, we have to do more than focus on deficit and debt. the signific
that you face, and i d not envy you, is you said the fits call consolidation, the consumption tax will go up next year and the following year, and you're certainly aware that will take a big hit on consumption on income that will have a negative impact on the economy, and i'm wondering how you're balancing these two different issues of fiscal consolidation and demand. [speaking japanese] >> translator: i think you have hit on the most important point, because whenever we may try to increase the taxes, it does not necessarily result in increasing the tax revenue. we have known the actual examples which have happened in the past in many nrsakg ne >> you can watch the rest of this online as we take you live now to the heritage foundation in washington, d.c. for remarks by senator mike lee of utah. he'll be talking about the conservative movement and the future of the republican party. >> in his most recent book, "we still hold these truths: rediscovering our principles, reclaiming our future." please join me in welcoming matt spalding. matt? [applause] >> thanks, jon. i thought you said cons
than $40 billion in tax breaks for oil and gas companies in the 2014 budget request from the president. is next.ton journal" host: good morning. it's monday, april 22. congress will discuss immigration reform today. today marks one a week since the bombings in boston that killed three. with one of the alleged perpetrators in custody, the debate over how authorities should proceed will be at capitol hill. it being debated whether the u.s. citizen should be designated as an enemy combatants and questioned under law of war or whether he should be turned over to the civilian criminal justice system immediately. should the ballston bomber be designated as an enemy combatants? give us a call. -- the boston bomber. a very good monday morning to you. we want to take you to the statement that was released over the weekend by three senators and one republican congressman. senator john mccain, senator instagram, senator kelly ayotte, and congressman king. they say the man should be treated as an enemy combatants. so we will take you through that debate that took place on a lot of th
collection act because it is going to make online businesses the tax collectors for the nation. and as the "wall street journal" pointed out in an editorial today called "the internet sales tax rush," it actually puts brick and mortar, puts the internet businesses at a disadvantage to brick and mortar businesses in terms of requiring -- making requirements on online businesses to collect taxes for transactions that the online businesses would not have to. and for a state like mine of new hampshire where we do not have a sales tax, this is also particularly onerous and really tramples on the decision that new hampshire has made to not have a sales tax. but most importantly, where we stand right now with the -- with the bill pending on the floor, you know, so many times there is so much around here that happens that does not go through regular order, and yet we have been talking on both sides of the aisle how important it is that when we have a major piece of legislation, which certainly this is, that we must go through regular order and that you just heard from the chairman of t
of the low income tax credits in 2012. the credit is calculated on income and family size and allows low income working families and vined you'lls to pay less in federal taxes will receive a refund. >>> ritchie haven the legendary folk singer the first act to hit the stage atwood stock h-- at wk has died. ♪ >> best known for improvising that song freedom at the 1969 festival. he died of a heart attack. he was 72 years old. >> now an extreme weather lart. severe flooding to blame for deaths in the midwest. heavy rains caused lakes and rivers to overflow their banks. >> there is more bad news. more rain and snow could cause problems today and tomorrow. let's go to maria molina for an extreme weather look. >> good to see you. we have another storm system that will be dumping more rain and snow across sections of the midwestism pacting places like indiana, illinois even into sections of missouri. i want to start out with the temperatures. producing that precipitation is bringing in record cold temperatures early this morning across sections of the plains. 14 in sue faioux falls and extr co
for tax increases every other day, every day for that matter, and those are mott going to deal with -- not going to deal with the spiraling out-of-control spending that rawses the need for more debt -- raises the need for more debt. again, the differences on this subject, mr. speaker, are well-known, and i'm hopeful that we can work towards setting aside the differences, focusing in on how far we can rk towards accomplishing cc dealing with the problem of the mounting unfunded liabilities of the federal government. i yield back. . ha the gentleman for his observation. let me, if i can, some irony in the gentleman's response. we've been talking about two items. one, the going to conference, i eal with prospective spending, prospective increase in debt or deficit because we buy more or spend more or cut revenues more. the debt limit, as the gentleman so well knows, deals with what we've already done. doesn't have anything to do with increasing what we're going to spend. the budget does that. now, we're not dealing with the budget, but there is discussion dealing with this priorit
of that smile. airport delays, the president will not divert spending cuts to nonessentials, won't do it. tax refunds to people who didn't pay a dime in the first place. the irs overpaid to the tune of 13 billion dollars. 6 million free cell phones for the poor, not enough. the administration wants to extend the program to high speed internet. and the internet sales tax passes the senate. so, you, sit on the tarmac, game the tax system and get your free internet and let's find something else to tax. "varney & company" about to begin. > >> any politician gets 70 million votes is larger than you and me as much as i hate to admit. it look at the winning smile and trusting eyes and i made myself vital, after 22 years in congress, i can smell which way the wind is blowing. stuart: kevin spacey, we show you that clip why "house of cards" a hit show only showing on netflix and that's why the stock will soar from the opening bell. look at it up nearly 25% pre-market and offered a month free with "house of cards" as the bait and people liked it, big jump in subscribers, almost as many pay for netflix
them recover. bill: also president obama's budget plan taking a bit of a heat for new taxes on middle class. that wasn't supposed to be the? how much families are supposed to pay. martha: there is the scene in denver. what a morning commute in lakewood, colorado. they're making it a slow-go. it is may next week, right? we'll be right back. the farmers' market. maybe another headache will get in the way. maybe you'll have some friends over for dinner. maybe you'll have a migraine. if you have migraines with 15 or more headache days a month, you're living a maybe life. and you may have chronic migraine. but knowing this thing you're going through has a name means knowing you can find treatments that are right for you. go to mychronicmigraine.com to find a headache specialist. and don't live a maybe life. bill: rock concert taking on a whole new meeting. watch this guy. witnesses report seeing a flash more than 250 miles away, that is the stage of the concert, behind stage right, boom. astronomers estimate the object was eight inches across only when it entered the atmosphere. that there
growth, whether it was through tax cuts and other inners and supply side reforms, would you cut them some slack on that or not? >> we would -- we think there's fairly limited room for significant fiscal stimulus that would place public debt on, you know, steeper gradient in terms of its rise. right from the beginning of the process, we recognized the government can use their balance sheet and fiscal measures to offset the decline in private sector demand. so some measures which allow for an easing of the levels of deficit reduction and the pace of that is perfectly consistent with the current rating that we now have on the uk. but can the uk go on a major fiscal stimulus exercise? we don't really think there's much room for maneuver in terms of them to do that in terms of a ratings perspective. >> what happens if they -- they could go on a big tax cutting program and that got rates going. this is more about growth, isn't it, right now, because growth is a way to generate the revenue to bring down the deficit. >> yeah. but that's evident that if you do tax cuts, that you'll get more revenu
president of the czech republic when we come back. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business >>> welcome back to the program. here is a look at how stock res trading, to the up side. we are seeing increases throughout the trading session. yesterday was a different story. we started out okay and rapidly sold off. germany in particular was weak. eegan jones did dowde country to an a from an a plus. the xetra dax today after shedding better than 2% yesterday, which is a huge move for this index, rebounding by about 0.4%. small gains seen elsewhere, the ftse mib in italy up about 0.6%. keeping an eye on the presidential election process. that is currently under way. here is a look at the bond sp
there in this bombing. >> you will be surprised to hear who they blame. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, please? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every purchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your w
because of the nature of the violence, even though the frequency of the tax is not higher. host: if you are interested in the legal challenges facing suspect in the boston bombing, there are -- the suspect remains hospitalized this morning. nothe moment he is communicating with anyone because of his serious condition. if you are just tuning in, we are joined by bill braniff here at the table to talk about the issue of terrorism. republican line, good morning. caller: my feeling on this is, have lived in newtown, connecticut and new york city, and not far from boston. we always fall short. we don't do enough. we treat everyone was so much respect, but people have less respect for us. we have to smack down people like this so they will not come to our country and treat us like this. i cannot afford to send my kid to the schools they went to. reaught,hould be brought right to trial and then executed. we are too soft. we do so much, and then we stop. it's out of control. we don't do enough in this country. guest: i don't have a lot of facts or figures to talk about prosecution rates. based
to president obama's budget and take a look at this statistic. 86% of tax increases will fall on people making $200,000 a year or more in 2015. this according to the new study by the tax policy center. what to make of this? joining us is the senior political analyst for the washington examiner. michael, good to see you. i'm more interested in the fact that earners nearly every income level will bear some sort of tax increase in this which flies in the face behalf president obama promised years ago. >> when president obama was running for his first term, he said he wasn't going to raise taxes on ordinary people. that's actually been violated in a number of ways, including in the obama care law and early increase in the cigarette tax that tends to hit down scale people more often than it hits upscale people. but in the second term, he's putting in his budget these proposals to change, as i understand it, the c.p.i. that means that your bracket increases will go into effect earlier. people will be thrust into higher tax brackets and so-called buffett tax which amounts to a sort of revival of the
sales tax. and a little boy in the jaws of an 8-foot alligator. >> trying to bite my arm off. >> hitting him in the head really wasn't doing anything. it was like hitting a bring wall. >> tonight, his father reveals the trick that saved his son's life. my mom and dated having the nightmares. i'm sleeping good. >> you will meet him. but first from fox this tuesday night. american investigators traveled to russia today to question the parents of the accused boston marathon bombers. that's what an official at the u.s. embassy is telling the associated press. the official says the russian government is cooperating with the fbi and helped arrange this interview. of course, as we have been reporting here, fox news has learned the russians asked the fbi to investigate the older brother two years ago. he is the one who died in the shootout with police. the fbi reports it did not find any terrorism activity at the time. a year later, officials tell us the same brothers spent six months in russia. but we're getting conflicting reports about what the feds knew about that trip. tonight, one lawmaker
of these proposals would give to our children more taxes, more spending and neither ever reaches balance. there is only one proposal, the house budget, that would instead give to our children a balanced budget and a brighter future of freedom and opportunity. now is the time to choose the budget that reflects our american values. mr. speaker, the american people and future generations of americans deserve a balanced budget. i thank you and i yield back the balance of my time. the speaker pro tempore: the chair recognizes the gentleman from maryland, mr. hoyer, for five minutes. mr. hoyer: i ask unanimous consent to revise and extend. the speaker pro tempore: without objection. mr. hoyer: i thank the gentleman. preliminary, however to my remarks, i want to say i thank the gentleman for my -- the previous speaker for his remarks and to say i would hope that the senate, having passed a budget, we having passed a budget, the president submitting a budget, that we will now, hopefully as soon as this week, go to conference so that we might discuss the differences and get that budget to which t
's winter of discontent, when britain had double-digit inflation, a top income tax rate of 83% and rising unemployment. and she revolutionized the economy with free-market ideas in her ten years of service that ushered in a new decade of prosperity. when she took office, the top income tax rate was 83%. it was cut to 60% and then to 40%. the middle tax rate was cut to 30%. and the lowest tax rate was eliminated altogether. when she took office, the top corporate tax rate was 53%. she cut it to 35%. the top capital gains tax rate was a stifling 75%. thatcher cut it to 30%. and as a result, a progrowth policies, unemployment fell from a high of 12% early in her tenure to 7.5% near the end. public spending as a percentage of g.d.p. fell from 45.1% of g.d.p. to 39.4% of g.d.p. and inflation fell from almost 22% in 1979 to a low rate of 2.4% in 1986. but perhaps the most telling tribute to margaret thatcher's leadership is that three days after she gave her britain await speech, that heroic speech she was dubbed "the iron lady" in the communist news outlet "the red star." when your military en
tax, that that money be spent on american made steel, con secrete -- concrete, bridges, buses, trains, whatever. it could work. one example, in the bill there was an opportunity for amtrak to buy new locomotives. about half a billion dollars to be spent on these new locomotives. in that section of law, one sentence was added that said these must be 100% american made. no one was making locomotives in america before that. but siemens, the german corporation, one of the biggest manufacturers in the world said, oh, half a billion dollar well, can make locomotives in america, sure. in sacramento, california, they opened a manufacturing plant, probably somewhere between 200 and 300 people working there today manufacturing 100% american made locomotives and on may 134, three years after they began this process, the first 100% american made locomotive in probably more than a century rolled onto the tracks of america. we can do this. h.r. 549 will provide that opportunity, using american-taxpayer money. i have another bill that does the same for wind and solar projects. we can do these things
showed surprising resilience dealing with the payroll tax cut exploration and with the first quarter spending close to what it was fourth quarter. so not a real hit and a decline in gasoline prices will give a consumer and nice boost in to the second quarter summer driving season. even in the short term to avoid getting overly pessimistic. connell: thank you very much dagen: she is trying to get us excited about gas that is $3.51 nationwide. [laughter] the frantic search for survivors has a massive explosion at a fertilizer plant levels homes and businesses across a small texas town. connell: carnival invest hundreds of millions of upgrades but now another one of the ships briefly losing power at sea, believe it or not. now look at the price of oil today below $87. ♪ ♪ [ male announcer ] this is karen and jeremiah they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, the
share. powerful communication on the powerful network. verizon. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com how sharp is your business security?o! can it help protect your people and property, while keeping out threats to your operations? it's not working! yes it is. welcome to tyco integrated security. with world-class monitoring centers and thousands of qualified technicians. we've got a personal passion to help your business run safer, smarter, and sharper. we are tyco integrated security. and we are sharper. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. ...and we inspected his brakes for free.
, because if i owe $2,000 to you guys on my income taxes, do you guys say you can pay off a little at a time and then pay the rest of over a long time without being penalized? that is garbage. host: congress man? guest: there's a provision, if i'm not mistaken, if there are back taxes due, the people beyond $2,000 that is the feet that is being required in order to help pay for the processing of individuals, that will also be demanded as well. two-sided sort. -- sword. many of these undocumented workers in various industries in this country pay into a great deal of federal taxes, whether it is deducted for their payroll for social security, fica, etc., with no opportunity of ever retrieving or utilizing that tax, because they are prohibited from taking any federal program. also, one of the areas in which there will be some consternation is the fact that even though they have a work visa and are working toward a permanent status, all public benefits will be denied to 11 million people that qualify for this program. host: on twitter -- guest: yes, and parts of the criteria is going to be exact
of the fact that policy is our means, and they are not ends. we think we were for the court taxes or spending restraint, but those are policies we advocate. they're not what we're really for. what we're for are the good things that these policies will yield to the american people. what we're really for is the kind of society that those policies would allow the american people to create -- together. there is one idea too often missing from our public debate, it is that idea, together. in the last few years we conservatives seem to have abandoned words like together, compassion, and community, as if they're only possible meanings were as some sort of secret code for stateism. collective action does not only or even usually mean government action. conservatives cannot surrender the idea of community to the left when it is the vitality of our committees upon which our entire philosophy ultimately depends. nor can we allow one politician's occasional conflation of compassion and bigger government to discourage us from emphasizing the moral code of our world view. conservatism ultimately is not abo
, by the way, talk of an online sales tax. harry reid is suggesting there's a vote on an online sales tax next week. ebay's way down on that. it's own growth forecast as well as the interpret sales tax possibility. ibay's down three bucks, what do you have to add on that? >> i have to add the european story that the chief financial officer of ebay saying the european economy is weaker, weaker british pounds to dense paypal results. put that together, it's a loser. >> it is, big stock, big drop. thanks nicole. to hoyer, the to littization of the boston bombing linking them to the sequester cuts. here's a question a fox news producer asked mr. hoyer. i'm quoting directly. do you think this can help to make an argument to turn off the sequester? here's the congressman's response, well, i think there are compelling arguments to not have turned on the sequester and multiple reasons for investing in our security and don't pursue across the board irrational cutting priorities and buy the same percentage. i think this is another proof of that. if proof is needed, which i don't think, frankly, it is. t
to manufacturer boxcar on. lori: tax-free online shopping could be numbered. melissa: take another look at metals as we head out to break. copper trading lower. we will be right back. ♪ thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by cnging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. [ lighter flicking ] [ male announcer ] you've reached the age where giving up isn't who you are. ♪ this is the age of knowing how to make things happen. so, why let erectile dysfsfunction get in your wa? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury
, a bill to restore states' sovereign rights to enforce state and local sales and use tax laws, and for other purposes. mr. reid: i ask for a second reading and object to my own request. the presiding officer: objection having been heard, the bill will be read for a second time on the next legislative day. mr. reid: i ask unanimous consent the senate recess subject to the call of the chair. the presiding officer: without objection, the senate stands in recess subject to the call of the chair. >>> one day after the boston bombings a bipartisan watch group said the government used torture and illegal interrogation methods after the september 11 attacks in 2001. that report is next on c-span2. >>> she came into the white house, she was a 47-year-old lady that he did politics. she was deeply depressed at the death of her son and especially under the terrible circumstances in which she died. she didn't have many friends unfortunately, but she did have a wonderful family there always seems to be somebody there and i don't think he did very much but she was a very intellectual woman,
a pre-tax profit margin of 17. %, she said she would revisit those goals for the pretax profit margins for that unit in mid year once, again, the final acquisition or the last leg of that brokerage unit has been completed. the year over year decline in fixed income commodities and currency trading was down 42%. she said it was due to the very strong first quarter of 2012. that was due to some hejs that had helped put on for its clients. however, she did note on a quarter over quarter basis trading was up. retail activity among the brokerage clients was strong in january and february. it did taper off a little bit in march on concerns about some of the issues we saw. cyprus the big run-up in the market, et cetera. april got off to a slightly stronger start as well. she said ceo confidence when it comes to m and a, she said right now ceos are looking out to the second half of the year. there is concerns about the profit outlook there and that's holding them back a little bit. debt and equity underwriting remain strong. >> thank you, mary. a lot of information you had from that conversati
. apparently that's been somewhat contained or under control. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com prego?! but i've been buying ragu for years. [ thinking ] i wonder what other questionable choices i've made? [ club scene music ] [ sigh of relief ] [ male announcer ] choose taste. choose prego. [ male announcer ] engine light on? come to meineke now for a free code scan read and you'll say...my money. my choice. my meineke. >>> and we are back now with our other big story here in boston, massachusetts. the president just a few moments ago arrived at massachusetts general hospital to visit with the victims. michelle obama is visiting victims at bringham women's hospi
, cutting spending in the tax code, and then i think it also keeps our promises to people to seniors who worked hard their whole life and want to nothing more than a secure retirement. and to our veterans to 0 who we made promises as they donned the uniform and fought for our country. >> host: what about the issue of changed cpi. . >> guest: i start with a basic notion that social security has enci ad itbutedp our shben ttal n part of the discussion. certainly we need to be concerned about the long-term solvent sei of social security but again when retirement security is question mark for so many families. i don't think it should be on the table during this part of the discussion during the budget resolution. look at the real contributors to our deficit and debt as we try tackle those challenges. >> host: two final questions before we go to calls. callers are ready. this is another article during an intimate dinner with democratic senators. how come you were left off the list? [laughter] >> guest: i have no idea. [laughter] but i have been very pleased with the president's increase in ou
paying taxes up front that will fund retirees' and will eventually qualify for benefits. they are the issue. that is a question about social security reform. i think we do need is a security reform. >> i thank you for your work. i appreciate both of you being here today. senator.you very much senator schumer? >> thank you, senator feinstein. i thank you both of you for your great work on agriculture. i also want to see -- i also want to thank chairman leahy for having this hearing. it has been amazing and those of us in our little group cannot support him enough -- cannot thank him enough for supporting our bill. 90% ofi get started, what is in his bill is in our bill. overall it is very positive. >> thank you. i would like to really look that over. >> i will. the bill i to would like to ask that all of us do not jump to conclusions regarding the events in boston. we will try to complete those events with this legislation. we are a safer country when law- enforcement knows who is here, has their fingerprints, photos, conduct background checks, and no wonder these to look
is saying today. >>> also your online shopping could get very different very soon. is it a tax hike or just a way to help out some small business owners? prices will be going up. >>> and the sounds of a sickening discovery. aerothe 911 calls made by the people of west texas as they reported on that plant explosion that just about wiped part of their town off the map. all of that and breaking news as the second hour of "happening now" starts right now. jon: a new terror plot uncovered in canada linked to al-qaeda in iran. the alleged target, a passenger train traveling between new york and toronto. it is a brand new hour of "happening now," thanks for joining us, i'm jon scott. jenna: hi, everybody, i'm jenna lee, and here's the story. there are two suspects now in custody, and they will be appearing in court today. canadian police picked them up in montreal and toronto following what's been described as a lengthy investigation. the men allegedly received direction and guidance from al-qaeda members, and here's the catch: apparently, these al-qaeda members were based in iran. national corres
, but savings should not, for discretionary spending. we need to look at mandatory spending and tax expenditures. i agree completely with your point that it is hurting. i was at so many federal agencies that are compromised in not doing their work. this hits bone. these are critical services that will not be able to be performed. however, it was important not to have a government shutdown. it was important to get past this fiscal year. there was no possibility of removing sequestration in the last rounds of negotiation. there was no chance of removing it in the house and we did not have the 60 ghost in the senate. so -- votes in the senate. we could not do it. he did not have a game plan. it is a failure, that is votes are nothe there. it would have been a greater catastrophe if we hit march 1 without a continuing resolution and government would close down. gone through that before and it causes chaos. last point, we gave agencies additional discretion, which in some cases allow them to make better decisions than having to do a across the board cuts. host: back to immigration on twitter -- will
. how many pay taxes? we don't know. how many will pay taxes if they get jobs? how much will they pay in taxes? we don't know. what is the real cost of illegal immigration to the u.s.? the real cost? hohonest square, accounting? what is this answer. what are those illegal immigrants paying in taxes and providing in the way of services to others in this country, some are i imencely productive? what is the cost of the jobs they hold, is there no cost? is it true they only work in industries where americans don't top work. this that is find just give us an answer, do we as a nation make money? do we benefit? do we prosper because of illegal immigration. you hear everyone say we're a nation of immigrants, why don't they say a nation of illegal immigrants? the questions go on and on, is the path to citizenship appropriate? is it good or bad for the economy? it is good for american society. the real question becames after 10 years of debating this issue, why in the world don't we havv these answers? that's the big question. if you have been watching politics, and washington as long as i hav
going forward. noticing that the effective tax rate that google's reporting is actually 8%. that compares with 18%, both last quarter and in the same quarter a year ago. so you've got to wonder how much that low tax rate affected their profitability and eps in that quarter. >> indeed. all right, thank you, all. an important earnings report period just now and wouldn't you know, it's the fast food company that is the only one that beat on the top line, of all three. and it's up 7.5% right now. thank you. >>> coming up, just three days of the tax deadline comes news of a b involving current and former irsit uil you hea wh they did, michelle. >> oh, i'll be shocked. >>> also, we're going to speak exclusively to bb&t ceo about his company's earnings and his bank's trouble with stress tests. >> that and much more coming up on the "closing bell." you are watching cnbc, first in business worldwide. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who'
to rest. we'll check in on the church services. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> a second wave of people who live near the site of the massive explosion at a fertilizer plant in the town of west, texas were allowed to return home today. residents who were lucky enough to still have homes began returning yesterday. wednesday's explosion flattened the north side of the small farming town heavily damaging a nursing home, schools and neighborhoods. new evidence in the investigation is now surfacing and cnn's miguel marquez has that. mi miguel? >> reporter: don, for the first time we are hearing the 911 tape
this is a phony crisis, aimed at a $1.2 trillion tax hike because federal agencies cannot get their priorities in order. we've got proof. we're going to show you something. stay with us. kudlow. i know what you're thinking... transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it's no surprise to you that companies depend on today's xerox for services that simplify how work gets done. which is...pretty much what we've always stood for. with xerox, you're ready real business. >>> all right. first up, as airport delays mount to the faa is blaming the spending cuts sequester, forcing thousands of air traffic controllers to take unpaid leave. but republicans blame the obama administration for selectively choosing which cuts would make us all feel the most pain. take a listen to kansas senator jerry moran earlier today. >> it seems as if politics is playing a significant role in the determining what actions the faa are
the u.s. senate returns to work. debate on the internet sales tax bill. at 2:15 eastern. that's on c-span2 and now to the house floor here on c-span. the speaker: the house will be in order. the prayer will be offered by our chaplain, father conroy. chaplain conroy: let us pray. god of the universe, we give you thanks for giving us another day. the house returns from a long weekend meeting with constituents as our nation continues to process of the impact of dramatic explosions in boston and texas. concerns about budget, taxes, immigration, gun violence, among others, reveal the considerable divisions both in congress and among the american populous as well. as opinions and emotions surge loudly and with little indication of easy solution, we take this quiet moment to ask your blessing upon the members of this people's house. give each member peace and quiet discernment to work toward common solutions that might ease our divisions and open the way to new hope and confidence that we as a nation will continue to shine as an example for all the world to immolate. may all that is done th
at $400 a share. it's got more than $100 net cash even after paying taxes, so you're paying $3,000, any earnings down 25% from what's expected. he put a ten p-e on that and this is a very cheap stock unless you believe that earnings will decline every year from here on out. that's ahead of the case and we're not buying ahead of it because we like the position that we have, you know, but we think it's an exceptionally cheap stock at this level. >> it will be one of the most-watched numbers of the quarter. thanks so much. >> thank you. >> switching gears, they were grossly negligent in the lead up to the brokerage firm's collapse. kayla tausche has more on this story which she's been following from its earlier days. >> it seems like it's been forever, david. we're getting a 61-page lawsuit from the bankruptcy court in manhattan. it takes aim at john corzine and the coo and cfo breaching fiduciary duty as it entered a downward spiral in 2011. it seeks an unspecified amount in damages. trustees won approval for a liquidation plan. in a statement, trustee louis freeh says attempts at med med
in the basement, existing home sales disappoint in march. we're going to go behind the numbers. cheryl: more tax pain. congress finally ready to vote on the controversial on line sales tax plan but some business owners are furious. we're going to explain. dennis: and top dog stocks. why pet food is paying off for investors. let's look at oil. up a touch. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. cheryl: let's head back to the floor of the new york stock exchange with nicole. best story of the m
cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com to grow or start your business hey. whassup. guten tag. greetings earthlings. what's crackalackin? it's great we express ourselves differently. if we were all the same, life would be boring. so get to know people who aren't like you. you'll appreciate what makes us different. the more you know. tens of thousands of dollars in hidden fees on their 401(k)s?! go to e-trade and roll over your old 401(k)s to a new e-trade retirement account. none of them charge annual fees and all of them offer low cost investments. e-trade. less for us. more for you. >>> what else can you call it but just a shameful day in washington? here are today's top lines. >> we return hom
you think that there is any chance we'll see this president even say the words "carbon tax"? >> with an open mind... >> has the time finally come for real immigration reform? >> ...and a distinctly satirical point of view. >> but you mentioned "great leadership" so i want to talk about donald rumsfeld. >> (laughter). >> watch the show. >> only on current tv. >> announcer: broadcasting across the nation, on your radio and on current tv, this is the "bill press show." >> bill: hard to believe but another act of terror on american soil. yes, good morning everybody. april 16, tuesday. the day after patriots' day. turns into bloody mayhem in boston at the end of the boston marathon. we'll be talking about that and covering that from every angle with you this morning. good to see you. thank you for joining us here on the "full court press" where we always bring you the news of the day. good or bad. and talk about it for the next three hours here on your local progressive talk radio station. on current tv and on sirius x.m. this hour only. good to have you with us today and a lot
paying fines, back taxes, that is not amnesty or not nothing. a lots of money. some people may be so rich they think a couple thousand dollars is nothing, but it is not for most people. with earned legal status, you see it in the center-right movement. i see the business community, the small businesses in particular, this is not a fortune 500 issue. farmers and dairymen and ranchers around the country have been explaining that they need this. you see this with the various communities. communities ofs faith are focused on this and saying that we need to move forward on this. from the center-right perspective in terms of the reagan republicans and conservatives, absolutely, yes. it is very powerful. the arguments against it are malice in the left and do not carry a lots of weight with reagan republicans. what are the things i used in my testimony with the nine mins of -- nine myths of immigration, this is back in the 1980 posturing reagan's presidency. it walks through all the things you hear from people who did not like the irish and did not like the jews and did not like the asians and al
. or lasts longer. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> welcome back to "starting point." chris cuomo with john berman in boston. president obama, on his way here, but also continuing to fight for gun control. the president says the gun lobby lied about the bill. let's go to breanna keilar live at the white house with more. >> he was upset. white house officials early on decided that the reality of this debate was that a really -- what they would consider a bold gun control measure like an assault weapons ban had no chance of passing congress. they were right about that. but they wanted to expand background checks of gun control purchases. they thought newtown had ch
are missing. the blast has set off tax i am fumes fanned by high winds and leveled homes and businesses nearby. tom ackerman has the latest. >> local firefighters were summoned to the plant to put out a blaze, then came the explosion. the blast in the small farming community of west near the city of waco leveled an apartment complex and damaged a nursing home located next to the plant. the explosion was felt more than 100 kilometers away, and the u.s. geological survey registered it as magnitude 2.1 on the earthquake scale. >> right now, we have a tremendous amount of injuries, probably over 100 injuries at this time. we do have confirmed fatalities. the inform is not current yet. it could go up by the minute. we're in there certaining the area right now. >> first responders evacuated half the residents of the town of 2,600, but as wind gusts carrying ammonia fumes shifted direction, they feared more people would have to be moved. the facility stored up to 20,000 kilos of ammonia, according to the company's emergency planning report t. said in the event of an accident there would be no risk of
for people who don't have insurance under the new federal health care law. it will come during tax time. there was a wrinkle discovered in the new health care law involving the irs and you. the man who oversees the irs says the agency needs to do a better job getting the word out. the law is known as the affordable care act. few people outside lawyers and accountants' offices know that it will penalize many people who do not have health insurance by docking their tax refunds. and that, says the man who oversees the irs, presents a problem because he says the agency has not publicized this penalty as much as it should. >> many americans do not realize the extend that the internal revenue service will be involved in the implementation of the affordable care act. >> the irs would not comment on its inspector general's criticisms but it is already getting ready to play enforcer in this new law. just last week, president obama has asked congress for $440 million to help the irs get ready to oversee this part of the health care law. >>> coming up tonight, nbc bay area investigative reporter s
model that involves proclaiming yourself a haven for money launderers and tax evaders. none at all. >> if the rest of the eurozone follow suit in backing the bailout, cyprus could receive the cash injection within weeks. >> the german economy is slowly awakening from its winter sleep. the country's leading economic research institutes have presented their spring forecast, saying they expect moderate growth of about 0.8% this year, but the think tanks are a bit more upbeat about 2014, where the forecast growth to reach about 2%, provided the current eurozone debt crisis does not spiral out of control. >> the economic outlook is bright. it is been booming bavaria. the state boasts near full employment. businesses like this are wide. it is an engineering firm. residential -- residents are up, order books full. it provides a snapshot of the wider german economy. one of the country's leading think tanks believes it will keep on growing because there are tentative signs europe is on the mend. >> these figures reflect the diminishing uncertainty and the fact the markets are now calmer. >>
are at an all-time high and one out of four corporations pays nothing in taxes, you have the opportunity to bring in some -- substantial amounts of revenue which is a much more preferable approach that cutting social ecurity or disabled veterans' benefits. politically, the president has disappointed a whole lot of his supporters. hisink public policy, if approach succeeds, a lot of people will be hurting. tavis: let me play devil's advocate. the calculation of the white house is the opposite of what you said. this is a political suicide. they had to know that there was a shade. advantage tosome this, my read of this is this is to placate the other side. this is to give the republicans what they want on social security, on medicare. they have been screaming forever about entitlement cuts. i hate the phrase in thailand reform coming entitlement cuts. part of my disdain is these are earned benefits. the americans to expect benefits have earned them. it ain't about no and talmadge. the president and white house made a calculation that there would be and a bandage to put these cuts on the tab
of the day. >> do you think that there is any chance we'll see this president even say the words "carbon tax"? >> with an open mind... >> has the time finally come for real immigration reform? >> ...and a distinctly satirical point of view. >> but you mentioned "great leadership" so i want to talk about donald rumsfeld. >> (laughter). >> watch the show. >> only on current tv. sglefrjts the united states senate let down an awful lot of people including the newtown families. i don't know how anybody who looked into the eye, could have voted the way they did today. >> michael: vice president joe biden summing up the failure of the senate to pass the manchin toomey gun legislation. six more votes were needed to overcome a filibuster. these four voted against it. minutes after the vote the progressive change campaign committee announced it will run ads against senator. harry reid supported the measure, but voted against it. that allows him to bring it up again for a vote. president obama put the blame squarely at the feet of senate republicans. >> obama: families that know unspea
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